|Bid||51.81 x 1100|
|Ask||51.82 x 3200|
|Day's range||51.78 - 52.79|
|52-week range||35.28 - 53.18|
|Beta (5Y monthly)||0.93|
|PE ratio (TTM)||21.68|
|Earnings date||11 May 2021 - 17 May 2021|
|Forward dividend & yield||1.48 (2.80%)|
|Ex-dividend date||05 Apr 2021|
|1y target est||53.00|
(Bloomberg) -- Digital Alpha, a U.S. investment firm focused on digital infrastructure, has raised more than $1 billion for its second fund.The vehicle -- Digital Alpha Fund II LP -- will build a portfolio of about a dozen investments. The fund won backing from sovereign wealth funds, pension funds, endowments and other investors from North America, Europe and the Middle East.“We’re proud of the role our investments play in providing secure connectivity for private and public sector stakeholders during the pandemic,” Rick Shrotri, Digital Alpha’s founder and managing partner, said in an emailed statement.The fund will invest in operating companies and strike revenue-sharing deals across three business segments: next-gen networks, cloud computing; and Internet of Things-enabled smart city solutions. The investor focuses on “mission critical” infrastructure, rather than fiber cables, data centers and radio masts -- a segment of digital infrastructure that’s been in favor with many other private equity firms.Digital Alpha, with headquarters in Henderson, Nevada, will continue to partner with Cisco Systems Inc., and has access to the technology giant’s deal flow, engineering and sales resources. Shrotri is a Cisco alumni.Digital Alpha’s investments to date include a $185 million commitment to WeLink Communications as it seeks to expand its fixed-wireless broadband effort across the U.S. The firm, which has offices in San Francisco and London, also committed to investing in the private investment in public equity, or PIPE, that’s backing digital health company Sharecare’s merger with Falcon Capital Acquisition Corp., a blank-check firm.For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.
Based on its recent analysis of the global industrial control systems (ICS) cybersecurity market, Frost & Sullivan recognizes Cisco Systems, Inc. with the 2020 Global Enabling Technology Leadership Award for its Cyber Vision platform. The solution offers both information technology (IT) and operational technology (OT) teams a comprehensive view of their IoT/OT security posture, so that they can work together in leveraging existing IT security tools and expertise to protect industrial operations against cyber threats.
Warren Buffett famously said, 'Volatility is far from synonymous with risk.' It's only natural to consider a company's...